Deputy U.S. Public Finance Editor, New York
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May 22, 2015

Dollar regains footing, rises after U.S. inflation data uptick

NEW YORK (Reuters) – The U.S. dollar turned higher on Friday, spurred off its early losses by a U.S. inflation report that indicated underlying pressures are building and thereby bolstering the case for the U.S. Federal Reserve to raise interest rates later this year.

“Stronger inflation, along with stronger growth data, is something that the Fed certainly wants to see,” said Brian Daingerfield, currency strategist at the Royal Bank of Scotland in Stamford, Connecticut. “Rate hike expectations have likely been brought forward as a result of some of the stronger data today.”

May 21, 2015

Uganda rules out sending troops to Burundi – Prime Minister

NEW YORK (Reuters) – Uganda, which has sent its troops to address regional instability in South Sudan and Somalia, is not considering putting any of its soldiers on the ground in Burundi where political unrest spurred an attempted coup on May 13.

“There are not plans for military intervention in Burundi,” Ruhakana Rugunda, told Reuters in an interview on Thursday.

May 20, 2015

Dollar’s gains spurred by ECB’s bond buying plans

NEW YORK, May 20 (Reuters) – The dollar hit a three-week
high against the euro and a two-month peak versus the yen on
Wednesday, extending a rebound rally underpinned by European
Central Bank plans to frontload its quantitative easing program
in a move to keep interest rates low.

“The ECB has taken the wind out of the euro’s sails,” said
Mark McCormick, currency strategist at Credit Agricole in New

May 19, 2015

Strong U.S. housing data boosts dollar; ECB hints on policy

NEW YORK (Reuters) – The dollar rose on Tuesday on unexpectedly better U.S. April housing data, compounding an earlier euro sell-off that was spurred by hints the European Central Bank could take more action to lower euro zone bond yields and boost inflation.

U.S. housing starts reached their highest level in 7-1/2 years in April, welcome news after dismal first-quarter data.

May 18, 2015

Dollar recoups lost ground, aided by higher Treasury yields

NEW YORK, May 18 (Reuters) – The U.S. dollar made
broad-based gains on Monday, recovering ground after several
weeks of selling that had brought the greenback down to more
attractive levels after prolonged strength.

The euro, which rose nearly 9 percent in value against the
U.S. dollar in the course of a month, pulled back more than 1
percent, its worst daily performance since mid-March.

May 18, 2015

Dollar sell-off takes a pause, Kiwi hit hardest

NEW YORK (Reuters) – The U.S. dollar made broad-based gains on Monday, recovering some ground after several weeks of selling that brought the greenback to more attractive levels.

The euro, which rose nearly 9 percent in value against the U.S. dollar in the course of a month, pulled back close to one percent, its worst daily performance since mid-April.

May 11, 2015

Argentina debt holdouts seek to broaden scope of court injunction

NEW YORK (Reuters) – Argentina debt holdouts on Monday asked a U.S. court to make more of the country’s debt, including bonds issued last month, subject to a prior court order blocking the country from making payments on its obligations without paying the holdouts as well.

Aurelius Capital Management, one of the lead holdout investors in defaulted Argentina sovereign debt, wants its prior victory in U.S. District Court on the principal of pari passu, or equal treatment, extended to all of Argentina’s external indebtedness.

May 11, 2015

Colombia finance minister sees oil price keeping peso in weaker range

NEW YORK, May 11 (Reuters) – Colombia’s peso, which has
fallen roughly 30 percent against the greenback, has entered a
new range due to the recent stabilization of oil prices, the
Andean nation’s finance minister said on Monday.

The peso has weakened to 2,391 per U.S. dollar from 2,057
pesos six months ago.

Finance Minister Mauricio Cardenas, speaking to reporters
during the Colombia InsideOut business conference in New York,
said much of what happens now to the exchange rate depends on
oil prices.

Apr 25, 2015

Greece not playing a game of chicken on debt – Kotzias

NEW YORK (Reuters) – Greek Foreign Minister Nikos Kotzias said on Friday he respects Germany just not German politics, nor the way Berlin views Greece’s economy, which faces the prospect of running out of money if it cannot agree to new bailout terms with creditors.

Kotzias is part of the leftist government that took over in January after an anti-austerity campaign promising to roll back reforms and cutbacks agreed by the prior government to improve Greece’s finances.

Apr 24, 2015

Venezuela may have missed $24 billion in oil revenue in 2014

HOUSTON/NEW YORK (Reuters) – Venezuela, struggling to pay for essential items such as food and medicine amid strict foreign currency controls, may have failed to collect about a third of its potential oil revenue in 2014, a Reuters analysis suggests.

The OPEC member nation likely realized just over $50 billion in oil revenue in 2014, according to an analysis of publicly available data and estimates based upon past performances of Venezuela’s oil sector.

    • About Daniel

      "Deputy U.S. Public Finance Editor. Responsible for editing and reporting on U.S. municipalities, their debt, investments and budgets. Special focus on U.S. infrastructure spending and mutual fund analysis. Previously Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
      Joined Reuters:
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